222 Redwood St, Alamo Heights, TX 78209

Building Details

Year Built 1934 More

Buildings 2 More

Listing Agency: Keller Williams City-View

Listed By: Charles Gafford Show Phone

Source: Kingdomtxrealty

Added: Oct 29 Changed: Nov 7 Last Checked: Nov 6 at 2:24PM

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Investment Insights

Based on property information with market context.

This triplex at 222 Redwood St includes two 1-bedroom, 1-bath residences in the main house and a separate studio casita with a full kitchen and bath. The main residence’s two units may be joined into one home. The east-side unit has an updated kitchen and bath, breakfast room, and gas fireplace; the west-side unit has generous room dimensions and substantial natural light. The property contains 2,010 square feet on a 0.202-acre corner lot and was built in 1934. Zoning is OCL.

The property is within Alamo Heights ISD. Shopping, dining, downtown San Antonio, and major employers are described as minutes away.

Key Highlights

• Two 1‑bedroom, 1‑bath residences in the main house
• Detached studio casita with full kitchen and bath
• 2,010 square feet on a 0.202‑acre corner lot

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,171

Cap Rate

4.23%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$423,420 $423.4K

Cap Rate 7%

$302,443 $302.4K

Cap Rate 9%

$235,233 $235.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,010 SF

Gross rent

$32.6K $16.20/SF

− Vacancy

−$2.3K −$1.15/SF

EGI

$30.2K $15.05/SF

− OpEx

−$9.1K −$4.51/SF

NOI

$21.2K $10.53/SF

Area

Bexar County, TX

Vacancy

7.12%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$423,420

Cap Rate 7%

$302,443

Cap Rate 9%

$235,233

Alternative Uses

Best Use

Multifamily LT 5

$302.4K

$264.6K – $352.9K (±1% cap)

NOI $21,171 @ 7.0% cap · market cap 4.23%

Second Best

Apartment 5plus

$263.0K

$230.1K – $306.8K (±1% cap)

NOI $18,407 @ 7.0% cap · market cap 3.68%

Theoretical Best

Office A

$544.0K

$476.0K – $634.7K (±1% cap)

NOI $38,081 @ 7.0% cap · market cap 7.62%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Lease Details

3

Residential units

Location Intelligence

Trade Area within ½ mile

1,012

Businesses Nearby

Explore this area Business Placement

Demographics for 78209, TX

42,456

Population

22,771

Households

1.9

Avg Household Size

40

Median Age

62%

College-Educated

96%

High-School Grad

10.2 sq mi

ZIP Area

4,162

Density / Sq Mi

$84,180

Median Household Income

$57,921

Median Earnings

$1,371

Median Rent

$497,500

Median Home Value

Market

Average Price Trend$/SF for Triplexes in Bexar County, TX

$187 Jul

$168 Aug

$180 Sep

$170 Oct

Properties on Market for Triplexes in Bexar County

Jul

Aug

Sep

Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Frequently Asked Questions

What type of property is this?

Triplex - Three separate living areas include a casita with a full kitchen and bath, offering multiple configurations for residential use.

Where is this triplex located?

The property is located at 222 Redwood St Alamo Heights, TX.

What is the asking price?

The asking price for this property is $500,000.

What are key features of this property?

This property features: Two 1‑bedroom, 1‑bath residences in the main house; Detached studio casita with full kitchen and bath; 2,010 square feet on a 0.202‑acre corner lot